MastChain Beta Announcement

MastChain first opened its doors to a small group of alpha testers in August 2025. Our goal then was simple: prove that AIS shipping data can be captured effectively through a DePIN model. By encouraging "failing fast," we learned more about our system and our contributors than we ever could have in a controlled environment.

That initial group of 10 grew to over 500 members. This rapid growth allowed us to tap into the expertise of community members who are veteran operators on other networks. Your feedback is the reason we are here, and it is helping us build a project that offers genuine value to both operators and data buyers.

Moving from Alpha to Beta

We are now officially transitioning into the Beta phase. This is a significant milestone that aligns us with our ultimate goals: Mainnet launch and TGE. As we move to peaq, we are also shifting to the new rewards model outlined in our white paper.

Based on your feedback regarding the need for a predictable and stable reward structure, we are moving away from rewarding data quantity and shifting our focus toward coverage.

Defining the New Token Model

Because Beta is still a testnet phase, we have maintained flexibility in our token model. The recent Request for Comments (RFC) sparked a great debate, showing just how much passion exists in this community.

While we know it is impossible to satisfy every individual preference, the decisions we have made for the new token are built on four core pillars:

Network and Platform Security

Stability and Predictability for Contributors

Robust Token Utility

Data Quality and Reliability

How it Works

To satisfy these pillars, we are introducing a security bond for stations. To ensure stability, the top two performing nodes that capture a specific hex will each receive 100% of the rewards; subsequent stations in that hex will not receive a reward. Finally, to meet the high standards of our enterprise partners, we are implementing an 80% uptime requirement.

Data reliability is non-negotiable for the enterprise buyers we are currently in negotiations with. To secure these contracts and maintain revenue, we must be able to guarantee minimum uptime through our service level agreements.

The Move to peaq

As mentioned in our December update, we are building the Beta on peaq. Their SDK, modularity, and ecosystem are a perfect fit for our requirements. We view peaq as the natural home for MastChain.

• Token Details: The tMAST token will remain an ERC-20 token for now. We still recommend using MetaMask, and instructions for adding the token can be found in your account settings.
• Withdrawal Fees: To support ecosystem growth and offset smart contract costs, a withdrawal fee will apply when moving tMAST to an external wallet.

System downtime 4 hours on the 1st FEB for the migration starting 1pm UTC

METAMASK problem of 18 dec display. Try sub wallet or follow sub explorer

Conversion from tWAKE to tMAST

During the Alpha phase, rewards were issued in tWAKE, an ERC-20 token on Astra’s Shibuya network. As we transition to Beta, we are introducing tMAST under a new rewards model. We want to ensure early contributors are properly recognized by converting previously earned tWAKE into tMAST.

Because the two tokens are built on different principles, the conversion is not 1:1.

• tWAKE primarily rewarded data quantity
• tMAST primarily rewards proof of coverage

To make the conversion fair, we analyzed the average number of data submissions per coverage area. Based on this, we determined that a rate of 0.016 tMAST per 1 tWAKE ensures that the median hex receives the same reward it would have earned under the tMAST model.

Early adopters will also remember that the number of submissions required to earn tWAKE increased over time, which gave earlier participants a meaningful advantage. Since the conversion is based on tWAKE earned (not raw submissions), this early boost is preserved in tMAST.

No action is required. At the start of Beta, your converted tMAST balance representing past rewards will automatically appear in your internal platform wallet.

What’s next

The start of the Beta phase is a major milestone, but there’s much more ahead. Over the coming months, we plan to introduce several new features:

• Referral bonuses: earn additional rewards by inviting new contributors to the network.
• Area of interest bonuses: certain locations are more valuable than others, and stations covering these areas will receive higher rewards
• Wallet shares: Split a station’s rewards between two users or wallets using a defined percentage.
• Station density map and, in general, better planning tools that can help you define the optimal position for your station, optimizing rewards
• Better uptime tracking and notifications to alert you to unexpected downtime for your stations.

As the platform continues to evolve, it will become increasingly aligned with our white paper. We have carefully reviewed all feedback from the recent RFC on the token model and are currently evaluating the next steps.

Thank you for taking the time to share your input and contribute to the discussion — your engagement plays a key role in shaping the future of the network.